[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR2546.4]



[Page 135]

 

                    TITLE 43--PUBLIC LANDS: INTERIOR

 

    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR

 

PART 2540_COLOR-OF-TITLE AND OMITTED LANDS--Table of Contents

 

             Subpart 2546_Snake River, Idaho: Omitted Lands

 

Sec.  2546.4  Public auctions.



    (a) The authorized officer may sell under the Act at public auction 

any lands for which preference-claimants do not qualify for patents 

under the regulations of Sec.  2540.0-3(f) and subpart 2546.

    (b) Lands will be sold under this section at not less than their 

appraised fair market value at the time and place and in the manner 

specified by the authorized officer in a public notice of the sale.

    (c) Bids may be made by the principal or his agent, either 

personally at the sale or by mail.

    (d) A bid sent by mail must be received at the place and within the 

time specified in the public notice. Each such bid must clearly state 

(1) the name and address of the bidder and (2) the specified tract, as 

described in the notice for which the bid is made. The envelope must be 

noted as required by the notice.

    (e) Each bid by mail must be accompanied by certified or cashier's 

check, post office money order or bank draft for the amount of the bid.

    (f) The person who submits the highest bid for each tract at the 

close of bidding, but not less than the minimum price, will be declared 

the purchaser.